Summary: Intuit Inc. (INTU) is expected to beat earnings estimates as analysts have raised their estimates for the company, indicating favorable trends prior to the report.
Full articleSummary: The article discusses Chevron Corporation (CVX) as a potential choice for value investors based on metrics like PE ratio and P/S ratio. However, despite strong value metrics, the company has a Zacks Rank #3 (Hold) due to negative earnings estimate trends.
Full articleSummary: JPMorgan Chase & Co. and its affiliates are no longer substantial holders in Cettire Ltd. (AU:CTT), with changes in holdings including securities on loan, obligations under a securities lending agreement, and purchase and sales of securities.
Full articleSummary: JPMorgan Chase & Co. increases its stake in IDP Education Ltd, signaling growing confidence in the company's market prospects.
Full articleSummary: PineStone Asset Management Inc. increased its holdings in Colgate-Palmolive during the 4th quarter, with other hedge funds also buying and selling shares of the company. Several analysts have issued reports on the stock recently, upgrading its ratings. Insider transactions were reported, including the sale of shares by company insiders. Colgate-Palmolive's price performance shows trading at $94.13 on NYSE as of the latest update. The company recently announced an increase in its quarterly dividend.
Full articleSummary: Fortinet (NASDAQ: FTNT) reported a 11% decline in its stock price in the past year due to underwhelming quarterly results, tepid growth, and flat billings guidance for 2024. Despite a recent dip, the company's focus on generative AI cybersecurity tools could potentially drive future growth and boost revenue.
Full articleSummary: Robinson Capital Management LLC raised its stake in BlackRock MuniHoldings New York Quality Fund by 120.2% during the fourth quarter. Other hedge funds have also increased their stakes in the company. The financial services provider's stock price traded up during mid-day trading on Friday.
Full articleSummary: ING Groep NV increased its stake in Pfizer Inc. during the fourth quarter, with several other large investors also buying shares of the company. Pfizer's stock experienced a 1.0% decrease, with analysts setting new price targets for the company. The latest earnings report showed higher-than-expected earnings per share, and Pfizer announced a quarterly dividend.
Full articleSummary: Sonendo Inc, a medical device system for less-invasive root canal therapy, raised $94 million via an IPO, below the expected range, and began trading on the NYSE at $9.00 per share.
Full articleSummary: Motco increased its stake in Chevron Co. by 37.3% in the fourth quarter, while also other institutional investors and hedge funds modified their holdings in the company. Chevron stock traded up 1.0% during midday trading on Friday, currently having a market cap of $300.45 billion. Chevron also announced a quarterly dividend of $1.63 per share with a 4.01% yield.
Full articleSummary: Robinson Capital Management LLC increased its holdings in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter, with several other institutional investors and hedge funds also buying shares. The fund's stock price on NYSE MUJ traded down slightly during mid-day trading. The company announced a monthly dividend to be paid in June.
Full articleSummary: Robinson Capital Management LLC increased its position in shares of BlackRock MuniYield Quality Fund, Inc. by 28.1% in the fourth quarter. Other large investors have also recently made changes to their positions in the company. The firm announced a monthly dividend of $0.058, yielding 5.75% annually.
Full articleSummary: Exxon Mobil Corp is close to completing workforce appraisals in the U.S. and Canada, expecting to unveil job cuts as part of a plan to increase competitiveness. The company has lost nearly $1.7 billion in the first half of the year due to the impact of the COVID-19 pandemic on oil demand.
Full articleSummary: Glass Lewis advises Hess investors to back $53 billion Chevron acquisition, while ISS recommends to withhold votes due to concerns over valuation and arbitration case uncertainty.
Full articleSummary: Warren Buffett and Berkshire Hathaway have shown disdain for Bitcoin in the past, but recent developments hint at a potential shift in attitude towards digital assets. Berkshire Hathaway achieved record profits but faces challenges due to its large size and struggles to find compelling acquisitions at favorable valuations. Despite impressive performance, Berkshire's valuation contrasts with tech giants dominating the market. The company's investment in Nu Holdings showcases a bullish outlook on the stock's future.
Full articleSummary: Broadcom Inc. closed at $285.88, with a +1.13% move from the prior day, while the chipmaker's shares had lost 11.19% over the past month. Analysts are expecting a decrease in EPS by 5.95% for the upcoming earnings release on March 12, 2020. AVGO currently holds a Zacks Rank #2 (Buy) and has favorable valuation metrics compared to its industry peers.
Full articleSummary: Cornerstone Advisors LLC reduced its stake in Caterpillar Inc. by 23.7% during the 4th quarter as reported in the recent Form 13F filing. Multiple hedge funds also adjusted their holdings in Caterpillar. Wall Street analysts have mixed opinions on CAT shares with varying price targets and ratings. Caterpillar stock value increased by 1.6%.
Full articleSummary: Microsoft is planning to release the upcoming installment of the Call of Duty videogame to its subscription service, Game Pass, a departure from its usual standalone selling approach. The move is expected to be announced during Microsoft's annual Xbox showcase on June 9. This decision follows Microsoft's acquisition of Call of Duty through its purchase of Activision Blizzard last year.
Full articleSummary: Alphabet has seen significant growth in its revenue, operating income, and stock price since 2019. The company's success in digital advertising and advancements in AI position it for long-term growth potential. Management illustrated confidence by announcing its first-ever dividend and buyback plans.
Full articleSummary: Palo Alto Networks and IBM announced a partnership to deliver AI-powered security outcomes for customers, which includes Palo Alto Networks acquiring IBM's QRadar SaaS assets. As part of the partnership, IBM Consulting will be a preferred Managed Security Services Provider for Palo Alto Networks customers and a joint Security Operations Center will be established.
Full articleSummary: NFC Investments LLC and other hedge funds acquired new positions in Comcast Co. during the fourth quarter, with significant holdings in the company. Comcast's stock was down by $0.10 during midday trading on Friday. The company recently announced quarterly earnings, surpassing estimates and reporting a net margin of 12.64%.
Full articleSummary: ING Groep NV increased its stake in Amgen Inc. by 124.1% in the fourth quarter, with several other institutional investors also making changes to their positions in the stock. Amgen also announced a quarterly dividend of $2.25 per share, representing a dividend yield of 2.88%. Insider activity saw a senior vice president selling shares, and various research analysts have provided ratings and target prices for Amgen stock.
Full articleSummary: Crake Asset Management LLP reduced its holdings in NIKE, Inc. by 47.6% in Q4, multiple institutional investors adjusted their positions, NIKE's stock price increased by 0.4%, quarterly dividend announced, analysts set new price targets with various ratings, insider activity with significant stock sales reported.
Full articleSummary: Workers at Chevron's Gorgon and Wheatstone LNG projects in Australia plan a two-week strike starting Sept. 14, escalating disputes over pay and conditions. Mediation talks are ongoing, but potential long-term disruption in LNG exports could lead to increased competition in the market.
Full articleSummary: JPMorgan Chase (JPM) shares have underperformed the financial sector due to global growth worries and low interest rates. Wall Street analysts are bullish on JPMorgan with a consensus 12-month price target of $69.77. Valuations show that JPMorgan shares are trading higher than some peers but lower than others in the banking sector.
Full articleSummary: Cornerstone Advisors LLC decreased its stake in shares of Costco Wholesale Co. by 12.0% during the 4th quarter, according to its most recent 13F filing. Several other institutional investors and hedge funds also made changes to their positions. Wall Street analysts have provided various price targets and ratings for Costco Wholesale. Insider selling transactions were reported. Costco Wholesale's stock performance shows an increase in price. The company recently increased its quarterly dividend.
Full articleSummary: Vehicle retailer stocks experienced a weak Q4, with revenues missing analyst consensus estimates. However, despite the challenges, the share prices of vehicle retailer stocks including Lithia (NYSE:LAD), Camping World (NYSE:CWH), America's Car-Mart (NASDAQ:CRMT), and CarMax (NYSE:KMX) managed to hold their ground better than growth stocks in other sectors.
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